This property looks like a bad Airbnb investment with a projected -18.52% first-year return on $112k initial cash invested.
-18.52%
Cash On Cash
1.69%
Cap Rate
0.28
DSCR
$1,923
Rent
-$1,736
Cashflow
Cash Flow
$1,923 income − $3,659 expenses = $1,736 out of pocket
Investment Breakdown
|
Purchase Price
$450k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$112k
Downpayment
20%
$89,980
Closing costs
1%
$4,499
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$1,923
Total Expenses
$3,659
Mortgage P&I
119%
$2,291
Property Taxes
15%
$287
Home Insurance
8%
$158
HOA
0%
$0
Property Management
15%
$288
CapEx
4%
$77
Vacancy
0%
$0
Maintenance
4%
$77
Other
25%
$481